RCI Hospitality Holdings (RCI Hospitality Holdings) Interest Expense : $-16.8 Mil (TTM As of Mar. 2024)

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What is RCI Hospitality Holdings Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. RCI Hospitality Holdings's interest expense for the three months ended in Mar. 2024 was $ -4.0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-16.8 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. RCI Hospitality Holdings's Operating Income for the three months ended in Mar. 2024 was $ 12.9 Mil. RCI Hospitality Holdings's Interest Expense for the three months ended in Mar. 2024 was $ -4.0 Mil. RCI Hospitality Holdings's Interest Coverage for the quarter that ended in Mar. 2024 was 3.21. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

RCI Hospitality Holdings Interest Expense Historical Data

The historical data trend for RCI Hospitality Holdings's Interest Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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RCI Hospitality Holdings Interest Expense Chart

RCI Hospitality Holdings Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Interest Expense

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-10.21

-9.81

-9.99

-11.95

-15.93

RCI Hospitality Holdings Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-3.68	-4.32	-4.25	-4.22	-4.00

RCI Hospitality Holdings Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-16.8 Mil.

RCI Hospitality Holdings (NAS:RICK) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

RCI Hospitality Holdings's Interest Expense for the three months ended in Mar. 2024 was $-4.0 Mil. Its Operating Income for the three months ended in Mar. 2024 was $12.9 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $240.4 Mil.

RCI Hospitality Holdings's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	12.852	/	-3.999
	=	3.21

The higher the ratio, the stronger the company's financial strength is.

RCI Hospitality Holdings (RCI Hospitality Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » RCI Hospitality Holdings Inc (NAS:RICK) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

RIK:Germany RIK:Germany

Address

10737 Cutten Road, Houston, TX, USA, 77066

Website

http://www.rcihospitality.com

RCI Hospitality Holdings Inc through its subsidiaries owns and operates establishments that offer live adult entertainment, restaurant, and or bar operations. It also owns and operates a communication company serving the adult nightclubs industry. The company's operating business segments are Nightclubs, Bombshells, and Others. It operates nightclubs through the following brand's Rick's Cabaret, Vivid Cabaret, Tootsie's Cabaret, Club Onyx, and Jaguars Club. In the Bombshells segment, the company is building a chain of Restaurants and Sports Bars in Dallas, Austin, and Houston, Texas. It derives majority revenue from the Nightclubs segment that engages in the sale of alcoholic beverages, food, and merchandise items; service in the form of cover charge, dance fees, and room rentals.

Executives

Adw Capital Management, Llc	10 percent owner	6431 ALLISON ROAD, MIAMI BEACH FL 33141
Johnson Martin Elaine	director	10737 CUTTEN ROAD, HOUSTON TX 77066
Yura V Barabash	director	10737 CUTTEN ROAD, HOUSTON TX 77066
Bradley Lim Chhay	officer: Chief Financial Officer	10737 CUTTEN ROAD, HOUSTON TX 77066
Travis Reese	director, officer: Vice-president	10959 CUTTEN ROAD, HOUSTON TX 77066
Eric Scott Langan	director, 10 percent owner, officer: President	3113 BERING DR, HOUSTON TX 77057
Adam D Wyden	10 percent owner	1133 BROADWAY, SUITE 719, NEW YORK NY 10010
Adw Capital Partners, L.p.	10 percent owner	6431 ALLISON ROAD, MIAMI BEACH FL 33141
Allan Priaulx Arthur	director	10737 CUTTEN ROAD, HOUSTON TX 77066
Phillip Kent Marshall	officer: CFO	10959 CUTTEN ROAD, HOUSTON TX 77066
Luke Charles Lirot	director	2240 BELLEAIR RD., SUITE 190, CLEARWATER FL 33764
Robert L Watter	director	10959 CUTTEN ROAD, HOUSTON TX 77066
Steven L Jenkins	director	16815 ROYAL CREST DRIVE SUITE 160, HOUSTON TX 77058
Nour-dean Anakar	director	3978 SORRENTO VALLEY DRIVE, SUITE 100, SAN DIEGO CA 92121
Alan Bergstrom	director	10959 CUTTEN ROAD, HOUSTON TX 77066